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EOS Price Prediction — Can the Coinbase Listing Keep EOS in the Top 5?

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  • Denys Serhiichuk
    📈 Price Predictions

    Can EOS be an attractive investment asset among other coins? Our price prediction analyses its rate movements and potential further growth

EOS Price Prediction — Can the Coinbase Listing Keep EOS in the Top 5?
Cover image via www.freepik.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Although the price of EOS corrected as other coins; however, the decline was not so deep - the quotes dropped by around 4%, which is the least index among other top digital assets.

Top cryptocurrency data by CoinMarketCa

There may be fundamental reasons for such a relative decline.

Back in March, EOS technical director Dan Larimer reported on an important event in Washington D.C. scheduled for June 1.

There are several options of what to expect: from the roadmap to the release of new trademarks, updating release cycles and codes for the wallet.

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It terms of the recent news, EOS has become available on Coinbase. The customers of the exchange can buy, sell, convert, send, receive, or store EOS.

If at the beginning of the year, EOS trading volumes were estimated at $630 Mln, now this figure is much higher - about $5.5 Bln.

The coin is located on the 5th line in the ranking of the most popular and sustainable cryptocurrencies with a capitalization of $7.1 Bln by the end of May.

EOS/USD chart by TradingView

EOS had started to grow actively since February 2019, when an uptrend channel was formed on the cryptocurrency chart.

On the 4-hour graph, the coin has entered even the stronger bullish momentum since May 10. However, the price will not go up all the time, which is confirmed by the bearish MACD indicator.

Taking into account these events, the price is likely to fluctuate near the resistance at $8 till the mid-June.

EOS/USD chart by TradingView

On the daily time frame, the scenario remains positive, as the quotes are unlikely to reach the bottom level (end of November - mid-February). The previous level at $10 bulls reached on June 20, after that there was a price decline lasting for 161 days.

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If we apply the current pattern today, traders and investors may expect the price back at $10 at the end of July 2019. The MACD indicator also confirms such a course of events.

The price of EOS is trading at $7.81 at the time of writing.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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$13 Mln in ETH Transferred to Poloniex from Wallet Inactive for Almost 2 Years

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  • Yuri Molchan
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    The Whale Alert account reports that nearly 89,000 ETH was wired to Poloniex from a wallet that had remained inactive since April 2018

$13 Mln in ETH Transferred to Poloniex from Wallet Inactive for Almost 2 Years
Cover image via u.today

On Friday, the Twitter account Whale Alert that tracks large movements of crypto on the blockchain, spotted nearly 89,000 ETH (that’s around $13 mln in Ethereum) sent to the Poloniex exchange.

The account points out that the wallet which sent the money had been inactive since April 1 last year. No one has used it for nearly two years, apparently, waiting for the crypto winter to be over and hoping for a price surge afterwards.

One of the possible reasons of this wallet becoming active again is the Ethereum hard fork Istanbul which is about to happen today, on December 7, at block 9069000.

Very often the price of an asset goes up after a major upgrade (the Istanbul hard fork will not cause an appearance of a separate coin as it was with Ethereum Classic).

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Earlier, U.Today reported that the South Korean exchange Upbit suffered from a hacker's attack and lost around $50 mln in Ethereum. Whale Alert on Twitter has recently published data about $37 mln stolen from Upbit that was moved by the hacker from one wallet to another.

The head of Binance, CZ, has promised that all funds stolen from Upbit that would end up on Binance would be immediately frozen.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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